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Firms red-flag pitfalls of IBC suspension; law's future unsure, say experts

With the Insolvency and Bankruptcy Code, which was the instrument lenders had to make their borrowers fall in line, suspended for a year, many say this makes uncertain the future of a landmark law

Topics
Insolvency and Bankruptcy Code | Coronavirus | Lockdown

Ruchika Chitravanshi  |  New Delhi 



Insolvency, bankruptcy, IBC, companies, firms, shareholders, promoters, owners, investors, npa, bad loans
While industry lauds the step to exempt “Covid-related debt” from default as a practical measure, the impact of suspending the IBC on genuine defaults is yet to be seen.

A pension fund is looking for ways of halting its loan repayment. The reason: It had invested in an infrastructure project that is facing stress due to Covid-related factors, affecting the fund’s income flow.

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First Published: Thu, May 21 2020. 22:03 IST

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